Junior Market squeezes out gains on Tuesday

Trading closed on Tuesday, with the volume of stocks traded rising 60 percent and the value increased 30 percent higher than on Monday at the close of the Jamaica Stock Exchange Junior Market.
All listed 43 securities traded similar to Monday and ended with 18 rising, 15 declining and 10, closing unchanged.
At the close, the Junior Market Index rallied 14.24 points to settle at 3,940.52.
The PE Ratio, a measure used to compute appropriate stock values, averages 18.6. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 12,058,347 shares traded for $37,852,476 up from 7,558,016 units at $29,196,251 on Monday. Derrimon Trading led trading with 4.67 million shares for 38.8 percent of total volume followed by Tropical Battery with 2.03 million units for 16.8 percent of the day’s trade and Lumber Depot with 1.33 million units for 11.1 percent market share.
Trading averaged 280,427 shares at $880,290 in contrast to 175,768 shares at $678,983 on Monday and month to date, averaging 399,658 units at $1,505,090, compared to 407,796 units at $1,547,735 on the previous trading day. January closed with an average of 319,395 units at $1,181,136.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three, with lower offers.
At the close, Access Financial advanced 79 cents to $20.70 after trading 3,639 shares, Blue Power popped 17 cents in closing at $3.62 while exchanging 79,525 units, CAC 2000 declined 18 cents in ending at $7.89 after exchanging 154 stocks. Cargo Handlers gained 70 cents to close at $7.70 in trading 7,130 stock units, Caribbean Assurance Brokers shed 26 cents to end at $3 after exchanging 40,752 units, Dolphin Cove climbed 94 cents to $28.44, with 115,720 stock units changing hands. Elite Diagnostic fell 11 cents to $3.30 with an exchange of 19,790 shares, Express Catering dropped 10 cents to close at $6 in switching ownership of 31,980 stocks, Fontana increased 87 cents to $11.57 after trading 206,370 units. Future Energy Source rallied 30 cents to $4.90 in exchanging 681,443 stock units, General Accident rose 30 cents to $6.30 with the swapping of 779 stocks,  Jamaican Teas lost 10 cents to end at $3.65 in an exchange of 710,416 shares. Medical Disposables dropped 70 cents in closing at $6.65 with 12,698 units clearing the market, Paramount Trading declined 10 cents to close at $1.95, with 202,683 shares changing hands, Stationery and Office Supplies lost 10 cents in ending at $7.40 after 21,358 stocks passed through the market and tTech rose 35 cents in closing at $4.35 after exchanging 1,107 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.